Compagnie Generale des Etablissements Michelin (Michelin) manufactures and markets tires for scooters, vans, cars, bicycles, earthmovers, subway trains, farm equipment, trucks, motorcycles, aircraft, and tramways. The company markets products under BFGoodrich, KorMoran, Michelin, Uniroyal, Kleber, Riken, Siamtyre, Taurus, and Tigar brands.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

R&D efforts focus on accelerating the development of new ranges for the Michelin and other brands. It also aims at continuous progress on improving tire performance and services for new generation tires and disruptive innovations for original solutions. It has nine R&D centers in North America, Europe, South America, Asia and Africa India Middle East. It also focuses on digitalization and data analytics in the evolving mobility landscape. The company invests in R&D to develop innovative digital solutions and connected services under its Michelin Connected Fleets brand. These solutions leverage real-time data to enhance fleet management, optimize tire performance, and improve overall operational efficiency for customers. It also has 10,700 patents worldwide and filed for 3,700 patents in FY2022. In FY2022, the company spent EUR698 million on Research and Development, which as a percentage of revenue, stood at 2.4% and grew 2.3% YoY.